An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon’s stock was down less than … Read more
CNBC Investing Club with Jim Cramer Rob Kim | NBCUniversal CNBC’s Jim Cramer on Friday noted that major quarterly results from players like Verizon, Meta, Microsoft and Alphabet will be coming next week, but he zeroed in on the importance of the Personal Consumption Expenditures index because it is the real gauge of inflation. Cramer said the … Read more
A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie area. It is expected to have the capacity to store more than 1 billion metric tons of carbon dioxide in underground geologic structures. Yi-Chin Lee … Read more
My top 10 things to watch Thursday, April 4 The Dow bounces back Wednesday after a three-session losing streak. As of Wednesday’s close, the 30-stock average is on pace for its worst weekly loss since October. Is activist investor Nelson Peltz done with Club name Disney ? Does it matter to the stock? Disney shares … Read more
Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp | Getty Images Top oil executives have been sharply criticized for pushing back against the viability of the clean energy transition at a U.S. conference, with campaigners denouncing an industry claim … Read more
HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly, Woods told the CERAWeek by S&P Global energy conference that acquiring Hess is not one of Exxon’s objectives in the dispute with Chevron. Exxon would … Read more
Mike Wirth, CEO of Chevron and John Hess, CEO of Hess, appear on CNBC to speak about Chevron’s deal to buy Hess Corp for $53 billion all-stock deal, on the floor of the New York Stock Exchange (NYSE) in New York City, October 23, 2023. Brendan McDermid | Reuters Hess Corp. is reviewing the timeline for … Read more
An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Al Drago | Bloomberg | Getty Images Exxon Mobil indicated Wednesday it could make a bid for Hess’ oil assets in Guyana if the company’s merger agreement with Chevron fails due to a dispute over pre-emption rights. Exxon filed for arbitration … Read more
Hess Corp shares fell Tuesday after Chevron warned investors that a dispute with Exxon Mobil and China’s National Offshore Oil Corp. (Cnooc) over Guyana’s offshore oil assets could jeopardize its bid to acquire the company. Hess was down nearly 4% in morning trading Tuesday. Chevron shares fell more than 2%. Chevron entered an agreement to … Read more
The $2 trillion club has a new member: Nvidia . The leading artificial intelligence chipmaker’s market capitalization briefly topped $2 trillion on Friday, becoming only the third U.S. company in history to do so; it closed the session worth $1.94 trillion. Fellow Club names Apple and Microsoft are the others. Apple became the first, in … Read more
